Michael Novogratz’s Galaxy Looks to AI Computing as Bitcoin Mining Revenue Falls

November 7, 2024 Leave a Comment

The firm signed a non-binding deal with a hyperscaler firm to potentially allocate all of its 800 megawatts power to hosting high-performance computers.

Discover more from Stay Updated Finance News

Subscribe to get the latest posts sent to your email.

Author:

How I Made a Million in 90 Days review – this wildly funny stunt is an ingenious take on extreme wealth October 16, 2025
Lovable prankster-satirist Oobah Butler takes on hustle culture by trying to get rich quick. His tour of crypto-CEOs exposes the bleakness of their world – but it sure makes for comedy goldNear the start of this hilarious and ambiently horrifying documentary, presenter Oobah Butler informs the viewer what exactly is riding on the success of […]
Chinese company gives an Eric Trump crypto firm preferential access to tech October 15, 2025
SEC filings show Bitmain gave firm partially owned by Eric Trump unusually generous terms on equipmentA private Chinese company is giving preferential access to its technology and providing unusually beneficial payment terms on hundreds of millions of dollars worth of specialized equipment to a firm partially owned by Eric Trump, according to industry sources and […]
‘Please can I have a million pounds?’ A documentary-maker’s wild attempt to strike it rich in 90 days October 15, 2025
From tricking art dealers to making frightening deals with crypto entrepreneurs, Oobah Butler’s new documentary sees him launch an almighty cash grab. Here, he tells the story of his rollercoaster rideI’ve never met a billionaire before. And this isn’t how I imagined it would go. Don’t get me wrong: his brightly lit Manhattan office is […]
US and UK put sanctions on alleged Cambodia cyber-scammers and seize $15bn in bitcoin October 14, 2025
People trafficking among allegations against six people who face measures including property freezes and travel bansThe US and UK have seized $15bn (£11.3bn) in bitcoin and frozen London properties owned by the alleged leaders of scam centres in Cambodia that trick victims around the world and torture their trafficked workers.Two Chinese-born businessmen are among the […]
Markets rebound amid latest US-China tariff spat as traders look to possible ‘Taco trade’ October 13, 2025
US S&P 500 and Nasdaq Composite indexes rise and cryptocurrencies rebound after Trump post on Truth SocialBusiness live – latest updatesGlobal stock markets have edged higher and cryptocurrencies rebounded amid signs that a new front in the US-China trade war may not be as severe as first feared.Tensions between Washington and Beijing escalated again on […]

Leave a Reply Cancel reply

The Robots Fueling Amazon’s Automation October 21, 2025
Meet Sparrow, Cardinal and Proteus. They’re the robots that, step by step, are replacing human workers in the company’s warehouses.
Inside Amazon’s Plans to Replace Workers With Robots October 21, 2025
Internal documents show the company that changed how people shop has a far-reaching plan to automate 75 percent of its operations.
Amazon’s AWS Disruption Creates Outages for Hundreds of Websites for Hours October 21, 2025
Amazon Web Services, a major provider of cloud services, cited a problem at its data center in Northern Virginia. The outage highlighted the fragility of global internet infrastructure.
With SpaceX Behind Schedule, NASA Will Seek More Moon Lander Ideas October 21, 2025
Blue Origin, owned by Jeff Bezos, and Lockheed Martin are among the contractors that may compete with Elon Musk’s company in the race back to the lunar surface.
AI Data Centers Create Fury From Mexico to Ireland October 20, 2025
As tech companies build data centers worldwide to advance artificial intelligence, vulnerable communities have been hit by blackouts and water shortages.
An Army of Robot Telescopes in Texas Makes the Stars Feel Closer Than Ever October 20, 2025
Starfront Observatories allows amateur astronomers to rent a spot for their telescopes and photograph the cosmos over a high-speed data connection.
The Culture Wars Came for Wikipedia. Jimmy Wales Is Staying the Course. October 20, 2025
Attacks on the site are piling up. Its co-founder says trust the process.
Vision Restored Using Prosthetic Retinal Implant October 20, 2025
The device could help a million people with a severe form of macular degeneration to be able to see enough to read.
How Chile Embodies A.I.’s No-Win Politics October 20, 2025
Political debates have flared across Chile over artificial intelligence. Should the nation pour billions into A.I. and risk public backlash, or risk being left behind?
OpenAI Inks Deal With Broadcom to Design Its Own Chips for A.I. October 19, 2025
After signing multibillion-dollar agreements to use chips from Nvidia and AMD, OpenAI plans to deploy its own designs next year.
Does A.I. Count as Art? Ask the Curators October 18, 2025
While some art institutions are eagerly engaging artificial intelligence, others are less enthusiastic.
Boeing Is Allowed to Increase 737 Max Plane Production, FAA Says October 17, 2025
The Federal Aviation Administration raised a production limit that the regulator had imposed after a door panel blew off a plane during a flight last year.
Instagram Unveils Teen Safety Features for A.I. Chatbots October 17, 2025
Instagram is introducing parental controls and limits to conversations on topics like self-harm as concerns grow over how A.I. chatbots affect mental health.
California Regulates A.I. Companions + OpenAI Investigates Its Critics + The Hard Fork Review of Slop October 17, 2025
Could this be a blueprint for the nation?
Renting a San Francisco Apartment in the A.I. Boom? Good Luck. October 16, 2025
The artificial intelligence gold rush has pushed San Francisco’s residential rents up by the most in the nation, as A.I. companies lease apartments and offer rent stipends to employees.
China’s Rare Earth Restrictions Aim to Beat U.S. at Its Own Game October 16, 2025
Beijing’s latest effort to weaponize global supply chains is modeled on the American technology controls that it has long criticized.
Long Battle Over Elon Musk’s Tesla Pay Moves Closer to a Resolution October 15, 2025
The justices on the State Supreme Court heard arguments in a long dispute about whether the Tesla chief executive’s compensation was fair to shareholders.
Meta Removes Facebook Group That Shared Information on ICE Agents October 15, 2025
The Facebook page was taken down for “violating our policies against coordinated harm,” according to Meta.
Instagram Will Limit Content for Teenagers Based on PG-13 Ratings October 14, 2025
The restrictions also apply to conversations between teenage users and artificial intelligence chatbots.
Renewable Energy Is Booming Despite Trump’s Efforts to Slow It October 14, 2025
With federal subsidies ending or becoming hard to claim, companies are racing ahead with solar, wind and battery projects.

Michael Novogratz’s Galaxy Looks to AI Computing as Bitcoin Mining Revenue Falls

Related

Discover more from Stay Updated Finance News

Crypto News

Leave a Reply Cancel reply

Tech News

Recent Posts

Recent Comments

Archives

Categories